• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Subsidy Removal: Business Owner, Others Lament High Cost Of Living

by MOYINOLUWA ADEDIRAN
2 years ago
in Business
subsidy removal
Share on WhatsAppShare on FacebookShare on XTelegram

Business owners have expressed their frustration over the high cost of living in Nigeria. 

Advertisement

 Since the removal of fuel subsidies by President Bola Tinubu’s administration four months ago, the prices of essential commodities have skyrocketed, putting a strain on the income of Nigerians.

Adediran Babatunde, an engineer, in Abuja expressed his concerns over the high cost of living in the country following the removal of petrol subsidy by the federal government.

“Since the increase in fuel, all the commodity has increased in price which cannot be measured with the income of Nigerians.” he also stated, “The hardship is so enormous to the extent that we have seen a lot of people that have withdrawn their children from school because schools have also increased their school fees.”

The removal of fuel subsidies immediately caused a disruption in the local oil and gas market, resulting in higher prices for petroleum and related products in Nigeria. This increase has had a significant impact on Nigerians, including transporters who have raised transportation fares to cover the increased fuel costs. The rising prices of raw materials and foodstuff have also affected consumers’ ability to afford basic necessities.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

22 minutes ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

4 hours ago

Also speaking, a caterer, who identified herself simply as Tope, highlighted that “increase in petrol price has had a great impact on her business. She said that with the high cost of living, many of her previous clients are not able to do business with her. 

“Petrol is a commodity that everyone needs and it is unfortunate that we don’t refine petroleum products in our country, we take the crude out to refine, bring them back into the country at a very very high cost. And of course, Nigeria presently does not have, it’s not a productive nation rather I say, it is a nation that consumes and our economy is totally based on the dollar an as such, the fluctuation in the dollar has actually affected the cost of petroleum product especially PMS, because everybody needs PMS.”

As a result of these challenging circumstances, some parents have been forced to postpone or entirely withdraw their children from school due to financial difficulties. Additionally, the overall economic situation has led to food shortages, leaving many people struggling to put food on their tables.

It’s disheartening to see the hardships faced by Nigerians due to the high cost of living. Let’s hope for positive changes that will alleviate these pressures and improve the lives of everyone in the country.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Subsidy Removal
SendShareTweetShare
Previous Post

Federal Govt To Harness Space Economy For National Devt

Next Post

Customs Seeks DSS Partnership Against Smuggling, Arms Proliferation At Nation’s Border

MOYINOLUWA ADEDIRAN

MOYINOLUWA ADEDIRAN

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

Dantata Leaves Monumental Legacy In Philanthropy, Entrepreneurship — Buhari

Rivers Angels Beat Nasarawa Amazons To Win 2025 President Federation Cup

Kano Billionaire Dantata To Be Buried In Saudi Arabia Next To Late Wife

‘Yar’Adua Wanted Me To Oversee Nigeria But One Aide Withheld The Letter’, Jonathan Reveals

SEDC Congratulates Oramah On Tenure Completion At Afreximbank, GCON Award

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.